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Listen "How to build a $150M and 1300+ unit portfolio in your first 2 years with Eric Chadderdon | Episode 21"
Episode Synopsis
🔥On this episode of the Real Estate Hustlers Podcast, we will be talking about is As the head of Investor Relations Eric provides investors strategic opportunities to diversify their portfolios with multifamily properties by developing strong relationships and demonstrating consistent and clear communications. This transparency allows for a deliberate investment decision. He provides insights on market activity, cost segregation, and property performance and manages quarterly earnings as well as annual K1 reports.
He frequently shares his experience and knowledge with other students looking to enter the multifamily syndication space by participating in the Multifamily Mindset’s educational program and 3-day training workshops. He has been a guest on several podcasts, he is a USA Today and Wall Street Journal Best Selling Author for the Book All In, he has articles written about him in both Yahoo Finance and the New York Weekly and has been invited to speak at multifamily conferences across the nation.
He has scaled his Multifamily portfolio to over 1300 units and a little over $153M of Assets Under Management. He loves and is always open to connecting with other multifamily operators in the space.
What actionable value will our listeners get out of this episode?
Starting out in Multifamily. Capital Raising.
How did you get started in Multifamily?
How is your team set up and how does it allow you to grow faster?
What is your Multifamily skillset or superpower?
Should you join a mastermind group?
How to jumpstart your MF business.
How to gain confidence in capital raising.
Story of 0-1328 units in 2 years
Key Takeaways:
“When we first started this business, especially out here in Texas, we were underwriting our insurance at 400 $600 a unit. Things changed pretty quick. Then there was a big freeze in Texas maybe a year and a half ago, two years or so, and that changed our underwriting. Things went up for insurance wise to $1000 to $1,200 a unit. And even with our deal right now that we have under contract and we're raising for, we wanted to be conservative once again in Texas, in Florida, insurance is through the roof and so to be even as more conservative as we can, we underwrote insurance for that deal at $2,400 a unit, 2400 and they still make sense. “ Eric
“Timely distribution, timely K ones, timely monthly reporting and newsletters and all of those things are really big. So I focus a ton on that. We've got a team of investor relations specialists that we've got two others plus myself. And so whether it's me that's getting back to them or someone on our team, we're always very timely about it. And the second factor I would tell you, that makes us unique is that we're a family operation.. I started this business by myself, but I realized really quick that there was way too many hats to wear and I needed help if I wanted to do this and do it the right way. I've been an entrepreneur my whole life and I've had a few other businesses and in every business that I've had, every single one, I kid you not, I kept hitting this ceiling. We'd see success, we'd see success. But I couldn't ever break past this certain barrier. “ Eric
Connect with Eric Chadderdon
LinkedIn: https://www.linkedin.com/in/gibbyscapital-ec/
Facebook profile: https://www.facebook.com/eric.chadderdon
Instagram: @Eric_Chadderdon
Connect with Josh Appelman
Facebook: https://www.facebook.com/josh.appelman.108/
Facebook group: https://www.facebook.com/groups/realestatehustler
Linked in: https://www.linkedin.com/in/josh-e-appelman-97767973/
Website: https://www.appelmanproperties.com/
He frequently shares his experience and knowledge with other students looking to enter the multifamily syndication space by participating in the Multifamily Mindset’s educational program and 3-day training workshops. He has been a guest on several podcasts, he is a USA Today and Wall Street Journal Best Selling Author for the Book All In, he has articles written about him in both Yahoo Finance and the New York Weekly and has been invited to speak at multifamily conferences across the nation.
He has scaled his Multifamily portfolio to over 1300 units and a little over $153M of Assets Under Management. He loves and is always open to connecting with other multifamily operators in the space.
What actionable value will our listeners get out of this episode?
Starting out in Multifamily. Capital Raising.
How did you get started in Multifamily?
How is your team set up and how does it allow you to grow faster?
What is your Multifamily skillset or superpower?
Should you join a mastermind group?
How to jumpstart your MF business.
How to gain confidence in capital raising.
Story of 0-1328 units in 2 years
Key Takeaways:
“When we first started this business, especially out here in Texas, we were underwriting our insurance at 400 $600 a unit. Things changed pretty quick. Then there was a big freeze in Texas maybe a year and a half ago, two years or so, and that changed our underwriting. Things went up for insurance wise to $1000 to $1,200 a unit. And even with our deal right now that we have under contract and we're raising for, we wanted to be conservative once again in Texas, in Florida, insurance is through the roof and so to be even as more conservative as we can, we underwrote insurance for that deal at $2,400 a unit, 2400 and they still make sense. “ Eric
“Timely distribution, timely K ones, timely monthly reporting and newsletters and all of those things are really big. So I focus a ton on that. We've got a team of investor relations specialists that we've got two others plus myself. And so whether it's me that's getting back to them or someone on our team, we're always very timely about it. And the second factor I would tell you, that makes us unique is that we're a family operation.. I started this business by myself, but I realized really quick that there was way too many hats to wear and I needed help if I wanted to do this and do it the right way. I've been an entrepreneur my whole life and I've had a few other businesses and in every business that I've had, every single one, I kid you not, I kept hitting this ceiling. We'd see success, we'd see success. But I couldn't ever break past this certain barrier. “ Eric
Connect with Eric Chadderdon
LinkedIn: https://www.linkedin.com/in/gibbyscapital-ec/
Facebook profile: https://www.facebook.com/eric.chadderdon
Instagram: @Eric_Chadderdon
Connect with Josh Appelman
Facebook: https://www.facebook.com/josh.appelman.108/
Facebook group: https://www.facebook.com/groups/realestatehustler
Linked in: https://www.linkedin.com/in/josh-e-appelman-97767973/
Website: https://www.appelmanproperties.com/
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